The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-25
FINANCE and COMMERCE.
HONEY 2 10 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Dull-Middllng Cotton, 10bc
SALES Today Unim.
pertant.
APPEAL OFFICE,

APPEAL OPPicR,
SATURDAY EVENING, July q, 1851.
Money strong at z t. 8 per cent, the
outside figure ruling. There is a steady de-
mand for fup DIS, which are in sufficient sup
ply to meet reasonable business requests.
At the Stock Gail Board session today a sale
was made OF 5000 Of Memphis new Taxing
District 4s.6, at es7sc.
The local cotton market closed dali and
unchanged. The New Orleans spot market
closed dull and unchanged and futures
closed quiet and of 4 to points on tho old
crop and OF 8 to4 points on the new. At
Liverpool spets were dull, in buyers favor,
and futures WI Mt OF from l to 2 points.
New York spots were quiet and steady and
unchanged, and futures closed quiet with no
change in the old crop months and to 3
points Of on the new. c. l.. Green 4 Co.,
In their report Of tho ed on other futures,
say:
Trading was very liaht all around, and II
was generally an uninportant market. with
no great change in The lins Of value, on the
old crop rates were fairly we'll held, the close
showing Just a fraction under last evenings.
The new crop was in small supply from local
sources, but the South appeared inclined to
sell. and that created little weakness,
with to points shading as The result.
At New Orleans the firm Of Thos. i. Airy
Il &c. has filed a petition in court stating
that owing to tho ciriculty in realizing on
their assets, much OF which consists Of real
estate in tho rural districts and su us due by
planters and others, they fad themselves
unable to meet all their obligations as they
mature, but will be able TO do so provided
an extension OF time DO granted, so as TO
pay one.third Ia one year. another third in
two years and the last third in three years,
without interest. Judge Monroe Grahted an
order for a meeting of creditors to DO held
on August 22i. before james q. Eustl,,
notary.
"To a di'pasiionato outsider" says tho
Rio News, June 10. "it would appear tbatthe
bulls had Iomewhat overdone the coffee
market so far as Rio is in queition. The
fact that prices have advanced here to tho
extent that brokers quote, opens the portal
TO the inquiry-if under no absolute scarcity
rs to supplies prices can DO advanced 10 our
present quotations, where are they to 40
when tho absolute scarcity Is feltI
The fancy absolutely refuses 10 con-
template what ths ruling prices are
to DO here In December March next
crop year! There SCENT little dovbt that the
bulls having cornered the bears were
determined TO 'strip of wool and hide. and
this seems to have been done. Now, let the
bulls rest on their we'll earned leurels f,r
\ time and see how far actual consumers
will accompany their advanced ideas as to
the valte Of coffee. No one will deny that
to q very large extent the recent almost
daily advance, In coffee arc direetiy attrib.
utable TO speculation pure and simple"
IMPORTS.
Two thousand two hundred and twenty
Eve ils bsggiog, IS pkgs bacon, 500 bu corn,
pkgs cheese. q axis cotton seed, $50 brls
hpur, 400 bales hay. SIS pkgs lard, 10 Coz n
lumber, 8 pkgs liquors, y brls molasies. 300
bu oats, l car PORK sides, 10 page rice, $50
brls sugar, $50 pkst tobacco and IL. 900 bu
wheat.